layering
Layering is the building of a program of insurance coverage using the excess of loss approach.
Additional Information
Layered programs involve a series of insurers writing coverage, each one in excess of lower limits written by other insurers. Umbrella liability coverage is frequently structured in this manner, whereby a number of umbrella insurers write coverage at various levels, on an excess of loss basis, ultimately providing an insured with a high total limit of coverage.
